The grants made and resources invested in Datamagnetics by the Government and the Welsh Development Agency are as follows:

£ thousands

1985–86

1986–87

1987–88

Regional development grant

71

400

212

Regional selective assistance

—

732

—

Support for innovation

—

100

66

WDA equity

500

—

222

WDA factory improvements

702

—

—

WDA rent concessions

138

138

—

At present, employment at the company stands at 165.

Prime responsibility for attempting to secure the company's future rests with the receiver who has said he is optimistic that it can be sold as a going concern. The Welsh Office and the WDA will also continue to assist in
16W
whatever way they can. The agency has already drawn the opportunity presented by the business to the attention of a wide range of interests, including ones in the far east and the United States of America.

Even if the company cannot be sold as a going concern the factory's excellent location and facilities provide a valuable base to attract another user and create alternative job opportunities.